90 Lathrop AveBattle CreekMI49014
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 90 Lathrop Ave, Battle Creek, MI, 49014 in Battle Creek at $129,900 earns $979/mo in rent and nets $122/mo after the $584/mo payment, a 9.04% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $35,889 over five years. Ziffy Mortgage underwrites this on a 1.68 DSCR without U.S. credit history. With $1,196/yr in principal paydown, total projected return reaches $57,404.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 8.2% |
| Monthly Cash Flow | $122 | $450 |
City averages based on Battle Creek market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $979 |
| Total Monthly Debt Service | $805 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49014, Battle Creek, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,018 (100%) |
| Owner Occupied HU | 6,234 (69.1%) |
| Renter Occupied HU | 2,116 (23.5%) |
| Vacant Housing Units | 668 ( 7.4%) |
| Median Home Value | $208,502 |
| Average Home Value | $239,100 |
Housing Distribution
Address Breakdown
Residential
8,816
Single Family
7,914
Multi-Family
902
Businesses
451
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 1920
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49014, Battle Creek, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,018 (100%) |
| Owner Occupied HU | 6,234 (69.1%) |
| Renter Occupied HU | 2,116 (23.5%) |
| Vacant Housing Units | 668 ( 7.4%) |
| Median Home Value | $208,502 |
| Average Home Value | $239,100 |
Housing Distribution
Address Breakdown
Residential
8,816
Single Family
7,914
Multi-Family
902
Businesses
451
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pat J Powers • eXp Realty LLC
Mls Name: MichRIC
Mls ID: #26004902